# QCMD Tracking Error: Up vs Down Days

> Over the 90 days to Nov 4, 2026, QCMD missed minus one times QCOM's daily return by 10.4 basis points a day on average, on its closing price.

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026 . Rebuilt every trading night.

## QCMD daily tracking

Over the 90 days to Nov 4, 2026, QCMD missed minus one times QCOM's daily return by 10.4 basis points a day on average, on its closing price.

| Window | Read on | Average daily miss, bp | Signed average, bp | Tracking error | Up days, bp | Down days, bp | Up less down, bp | Confidence |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 30 days to Nov 4, 2026: 18 of 22 days, from Oct 7, 2026 | NAV (stated) | 4.6 | +1.8 | 0.99% | +0.9 (8 days) | +2.6 (10 days) | −1.7 | Not enough days |
| 30 days to Nov 4, 2026, 22 daily returns | closing price | 9.9 | +4.8 | 2.67% | +5.2 (12 days) | +4.4 (10 days) | +0.7 | Not significant (t 0.1) |
| 90 days to Nov 4, 2026, 63 daily returns | closing price (stated) | 10.4 | +3.6 | 2.18% | +3.0 (35 days) | +4.5 (28 days) | −1.5 | Not significant (t −0.5) |
| 180 days to Nov 4, 2026, 124 daily returns | closing price (stated) | 13.1 | +3.0 | 2.77% | +0.1 (63 days) | +6.1 (61 days) | −6.0 | Not significant (t −1.9) |
| 1 year to Nov 4, 2026, 251 daily returns | closing price (stated) | 12.0 | +2.7 | 2.51% | +0.8 (130 days) | +4.8 (121 days) | −4.0 | Significant (t −2.0) |

### QCMD's largest daily misses

The 5 days QCMD strayed furthest from its daily target in the 1 year to Nov 4, 2026, each on its NAV where ETFIQ holds it, else its closing price.

| # | Day | Read on | QCOM moved | Target | QCMD returned | Miss |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Jun 18, 2026 | closing price | +6.17% | −6.17% | −5.44% | +0.73 pts |
| 2 | Nov 4, 2026 | closing price | +5.33% | −5.33% | −4.68% | +0.64 pts |
| 3 | Feb 5, 2026 | closing price | −8.46% | +8.46% | +9.03% | +0.57 pts |
| 4 | Jun 10, 2026 | closing price | −6.92% | +6.92% | +6.39% | −0.53 pts |
| 5 | Jun 9, 2026 | closing price | −5.67% | +5.67% | +6.11% | +0.44 pts |

### Method

The daily miss is QCMD's return each day less minus one times QCOM's return that day. A basis point is a hundredth of a percentage point. Each window is read twice where ETFIQ holds both NAVs: on NAVs, and on closing prices. It is stated on the closing price because NAVs for 18 of the 63 sessions. QCMD ranks 29 of 34 1x inverse ETFs on its 90-day average daily miss. Up days and down days split the miss by whether QCOM rose or fell; Significant means the gap is at least two standard errors from zero. The average miss carries its sign: a negative one is what the fund kept below its target each day, its fees and financing among it. Not every fund here has traded for a year, and a number over eight months does not order against one over twelve. This page lists each fund with its window and dates instead of ranking them. It becomes a ranking on the night four of them share a full year. Every window ETFIQ can measure for QCMD is listed.

### Where to next

### Sources

Links are sources, not endorsements.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

---

Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, QCMD daily tracking, listed by window, data as of Nov 4, 2026. https://etfiq.com/funds/qcmd/tracking/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/funds/qcmd/tracking/